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Cheaper to lend: more likely to borrow, spend?

Posted: 12/17/2008 - The Federal Reserve's decision to cut its "overnight" lending rate to a record low 0.25 percent likely won't find its way to your mortgage lender or bank any time soon. But rates may not be the only fear factor hindering lending or borrowing.

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East Tennessee lights up for Christmas, pt. 1

Posted: 12/17/2008 - In the first part of a a three part series to include some of the best Christmas lights done by folks here in East Tennessee, Volunteer TV takes you to a home on Ebeneezer Road.

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Halls bank robbery suspect arrested at Knoxville motel

Updated: 12/17/2008 - The man investigators believe robbed the Regions Bank branch at 7005 Maynardville Pike Tuesday morning was arrested Wednesday morning at a Manolia Avenue hotel, according to a Knox County Sheriff's Office release.

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Marines play Santa for children across East Tennessee

Updated: 12/17/2008 - For 61 years, the US Marines have been playing "Santa" for needy children all across the United States. But like a lot of programs this year, "Toys for Tots" met some struggles because of the economy.

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Fire Marshal closes three UT fraternity houses

Updated: 12/18/2008 - Residents living in three on-campus fraternity houses have voluntarily closed their doors after a Tennessee State Fire Marshal found several fire code violations during inspections.

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OPEC cuts 2.2 million barrels a day

Posted: 12/17/2008 - OPEC says it is cutting 2.2 million barrels a day from its output -- the largest ever at one time -- to stem crude prices that have plummeted over 70 percent from summer highs of nearly $150.

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Eastman Chemical to cut jobs, other costs

Posted: 12/17/2008 - Eastman Chemical Co. has announced it will slash costs by more than $100 million in 2009, mostly by cutting jobs, in response to the current economic turmoil.

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TVA reports increased operating revenues

Posted: 12/17/2008 - NASHVILLE, Tenn. (AP) -- The Tennessee Valley Authority has filed its fiscal year 2008 annual report with the Securities and Exchange Commission, reporting a record $10.4 billion in operating revenues, an increase of 11.3 percent from 2007.

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Nissan to cut production, temporary workers

Posted: 12/17/2008 - TOKYO (AP) -- Japan's Nissan Motor Co. said Wednesday it would reduce production by a further 78,000 vehicles and cut 500 temporary workers.

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Secret santa shop opens for Norris Elementary School students

Updated: 12/17/2008 - After over a thousand donated items burnt in a fire at a school annex building one week ago, the community and even strangers have come together to help Norris Elementary School open up the nearly 30 year tradition of the Secret Santa Shop for students.

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Prices dropping in time for shopping

Updated: 12/17/2008 - Christmas is just more than a week away, and many of you are probably waiting until the last minute to get some good deals at the store. But there's good news for last-minute shoppers.

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Knoxville/Knox County emergency workers prepare for severe winter weather

Updated: 12/17/2008 - In January 2008, an ice storm hit East Tennessee and caused hundreds of accidents across Knox County. Emergency workers struggled to get help to everyone and even had to tell people to stop calling 911. Today, Knoxville and Knox County emergency workers held a drill to work through glitches in last winter's response system.

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Knox Co. Commission chair hospitalized

Updated: 12/17/2008 - Knox County Commission Chairman Thomas "Tank" Strickland has been hospitalized at Fort Sanders Medical Center because he's reportedly not feeling well. Doctor's plan to run some tests, according to the Knoxville mayor's office. Strickland also works for the City of Knoxville. Stay connected to Volunteer TV News and VolunteerTV.com for continuing coverage of this developing news story.

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